Orion Portfolio Solutions LLC Buys 9,464 Shares of Equitable Holdings, Inc. (NYSE:EQH)

Orion Portfolio Solutions LLC increased its position in shares of Equitable Holdings, Inc. (NYSE:EQH) by 134.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,482 shares of the company’s stock after purchasing an additional 9,464 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Equitable were worth $693,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of EQH. State Street Corp raised its position in shares of Equitable by 2.7% in the 3rd quarter. State Street Corp now owns 12,976,870 shares of the company’s stock valued at $545,418,000 after buying an additional 338,205 shares in the last quarter. Wellington Management Group LLP raised its position in Equitable by 3.0% during the third quarter. Wellington Management Group LLP now owns 5,513,571 shares of the company’s stock valued at $231,735,000 after purchasing an additional 161,376 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Equitable by 15.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,083,650 shares of the company’s stock worth $166,855,000 after purchasing an additional 539,904 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Equitable by 24,432.7% in the 2nd quarter. Acadian Asset Management LLC now owns 3,168,402 shares of the company’s stock valued at $129,444,000 after purchasing an additional 3,155,487 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in shares of Equitable in the 2nd quarter valued at $110,176,000. 92.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Jeffrey J. Hurd sold 6,666 shares of Equitable stock in a transaction on Friday, November 8th. The shares were sold at an average price of $47.53, for a total transaction of $316,834.98. Following the completion of the transaction, the chief operating officer now owns 105,246 shares of the company’s stock, valued at $5,002,342.38. This trade represents a 5.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $47.43, for a total transaction of $1,422,900.00. Following the sale, the chief executive officer now directly owns 648,555 shares in the company, valued at $30,760,963.65. This trade represents a 4.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 70,166 shares of company stock valued at $3,220,205 over the last ninety days. 1.10% of the stock is owned by company insiders.

Equitable Trading Down 0.3 %

Shares of NYSE EQH opened at $47.32 on Tuesday. The stock has a market cap of $14.83 billion, a P/E ratio of -43.41 and a beta of 1.38. The firm has a 50 day moving average price of $46.52 and a two-hundred day moving average price of $42.95. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.12 and a current ratio of 0.12. Equitable Holdings, Inc. has a 52-week low of $31.76 and a 52-week high of $50.51.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.53. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.78 billion. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. Equitable’s quarterly revenue was down 15.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.15 earnings per share. As a group, equities analysts forecast that Equitable Holdings, Inc. will post 6.05 EPS for the current year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.03%. Equitable’s dividend payout ratio (DPR) is -88.07%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Morgan Stanley reduced their price objective on Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Monday, August 19th. Keefe, Bruyette & Woods raised shares of Equitable from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $54.00 to $58.00 in a report on Monday, December 9th. Wells Fargo & Company increased their price objective on shares of Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Barclays boosted their target price on shares of Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.10.

Equitable Company Profile

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy.